If a U. S. company's credit sale to an international customer allows payment to be made in a foreign currency, the transaction is recorded using the exchange rate on the date of sale.

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When a U.S. company sells goods to an international customer and allows payment to be made in a foreign currency, the transaction is recorded using the exchange rate on the date of sale. This is done to ensure accurate reporting of the revenue and accounts receivable in the company's financial statements.

If a U S Company's Credit Sale to an International Customer Allows Payment